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Bob Doll has been quoted 55 times. The one recent article where Bob Doll has been quoted is Strategists Bob Doll and Jim Paulsen: Investors remain skeptical about investing in the US. Most recently, Bob Doll was quoted as having said, “There's still a lot of skepticism as represented by the kinds of questions I get asked when I go out and talk to financial advisors, by the amount of cash sitting on the sidelines. There aren't a whole lot people who are euphoric or kind of can't wait to get in.”.

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Bob Doll quotes

It was big [cap] that led small [cap]. It was growth that led value. It was defensive that led the cyclicals. That isn't where we were last year, nor is it a sign that we're going straight up. It's just a little bit of a warning sign.feedback

We think economic sentiment may be too high and elevated confidence may make investors vulnerable to downside economic surprises. To be sure, we are not expecting a significant economic slowdown, but the nearly non-stop pace of positive economic data is unlikely to continue. At some point, a setback will likely be triggered by a manufacturing decline, soft oil prices, weakening data from China or some other factor, which could spark a risk-off phase.feedback

From a political perspective, we think the key issue is whether the president will encounter similar problems with his tax reform agenda, which is likely to be as complicated as health care reform, if not more so. If political turmoil is ongoing, higher risk, cyclical areas of the equity market would likely remain under pressure.feedback

We believe equity markets may be ahead of themselves. The pace of the current rally is not sustainable, and investors may be overly optimistic about the political, economic and earnings environment. As such, we think a pullback or correction is possible at some point.feedback

Last week, [President Donald] Trump speaks Tuesday night, market's up 300 [basis points] on Wednesday. And the Thursday headlines say, Trump rallies the market.' No, no, no, no – the global PMI was at least 200 of those 300 points, in my view. The Fed's turning neutral and then negative for the stock market. I think it means that the easy gains are in the rearview mirror. There are other things like earnings pushing the market higher, but we no longer have the Fed in our court in my view.feedback

Don't give up on the financials. They're up a bunch. Better economy, higher interest rates, less regulation – nobody benefits more than the financials from that. When we're really bullish, Bank [of] America and Citi. When we're a little more cautious, JPMorgan and Wells [Fargo].feedback

He's quickly going to change the subject to the Supreme Court nominee, so I think the noise will move from the immigration thing to the Supreme Court thing. It'll fade when we have something new to talk about. Too many people thought we had a Republican president, a Republican House, Republican Senate and they were going to all get along peachy keen … but it's going to be bumpy, because they're not all going to see the ball the same way. I think it's going to be inconsistent, and it will come back to is the economy OK and are earnings OK? If they are, the market will be OK.feedback

Wall Street love[s] the idea that we have a pro-growth president, but we had a press conference, we had an inaugural address, and he really didn't talk about those issues, and I think that's caused a little bit of a sag. I think the market's saying, I made a list: trade deals, tax cuts, tax reform, repatriation, Obamacare, Supreme Court, immigration, ISIS, fight the press, infrastructure. What are your three most important ones? What are you going tackle first? You can't do them all.feedback

We need the excess to show up for somebody to stomp on it, usually the Fed, and that's not in sight. Financials started doing better on Brexit Monday, accelerated post the election, and while maybe a little ahead of themselves in the short term, I assume they're going to do well this year. Stocks that look like bonds did phenomenally well during the stagnant growth period. Utilities, a perfect example. Some of the telecom names, some of the consumer staples. They're not cheap to begin with. [And] there's more underperformance to come.feedback

Volume is pretty weak, so there's no aggressive selling taking place. It's more sellers locking in some better gains than they thought they were going to get this year. It's been a really good year, so letting a little go is just fine.feedback

I think as long as the U.S. growth expectations move higher, as long as the dollar is moving higher, this says the U.S. is where it's happening. Stronger growth differential, the interest rate differential, I think this points to further strength in the U.S. versus the rest of the world.feedback

We're nowhere near that. We may be moving from cautiousness to optimism, but euphoria's down the line somewhere. If people feel better about life, no matter what policy is, they spend a little more money. The question is, is the confidence coming back so fast that no matter what happens, the markets can't deliver, the economy can't deliver? We'll see.feedback

We've spent this entire bull market with nobody believing it. The caution, the concern, The next downturn's going to kill me,' and now we're beginning to have people feel a little bit better. That's always a good sign, and bull markets don't end until you get that euphoria.feedback

Seeking yield has been a wonderful activity for years and it's beginning to backfire. I think that we're going to have to move to an environment where we take what we need from the total return of the portfolio.feedback

It's always a weird time when you change administrations from one party to the other. it's also weird because of who we elected – a nonpolitician who was all over the place during the campaign so uncertainty is still there.feedback

I'm not convinced it's a one-way street. We'll get some of those days. Under the surface, the trend has changed. Whatever you thought about stocks before the election, you have to like them a little more, and whatever you think about bonds, you have to like them a little less.feedback

The market was saying we like certainty, and we don't like uncertainty and Donald Trump is more uncertainty than Clinton. There are going to be more good things and more bad things and we're going to see what happens. Underneath a lot of this, the economy is dong a little better and we can't lose sight of that.feedback

The main thing is we just don't know. There will be a lot of trial balloons. For the market to have a serious problem, it's going to have to be convinced the protectionist Donald Trump is showing up more than the growth Donald Trump. We elected both Donald Trumps, but I think the growth one is going to win out.feedback

For the last few years, the search for yield, perceived safety and low volatility has been an investor's dream, and billions and billions and billions have gone into those things. That is over and done and it's unwinding. That is because the economy is doing better and inflation is picking up a bit.feedback

With seasonality, more likely it's going to be higher than where we are. I hesitate because we've run so hard for the last couple of weeks. Maybe we take a breath and then we come on with a year-end rally. I don't know. But I can't believe it would (go) straight up to the end of the year.feedback

The other reason is he's been very clear he's going to start a trade war with China, Mexico and a few other places, and we all know trade wars are not good for economic growth and, therefore, they're not good for markets.feedback

Quotes by Bob Doll

Aug 15 2017

There's still a lot of skepticism as represented by the kinds of questions I get asked when I go out and talk to financial advisors, by the amount of cash sitting on the sidelines. There aren't a whole lot people who are euphoric or kind of can't wait to get in.feedback

The stock market is up [about 9 percent] this year, and Washington has done almost nothing but disappoint. So this shows us that the stock market isn't about Washington D.C. That's noise on the side.feedback

We're due at any point for a fiver. We're almost half way there in one day. Don't watch the president when it comes to tax reform, watch the Congress. The question is can the Congressional Republicans cobble something together, and I think they can. I think it's a minor story for the markets... If you paid attention only to Washington DC, you'd say why is the market not significantly lower than it is now. If you paid attention to earnings, you'd say why isn't the market higher than it is now.feedback

I think we've taken some of the upside away. but the probability of [a tax plan] in the last 48 hours has gone down. If I had a choice of tax reform or good earnings, I'd take good earnings...Tax reform is icing on the cake, but it's not the cake. The volatility has been very low and pullbacks have been very slight, so when you get a 2 percent pullback form an all-time high, people think there's a financial crisis somewhere. I'd be shocked if we turned around and [right] went back up to new highs. I think it's going to be sloppy for a while.feedback

If somebody from on-high made an announcement that there's no tax reform and no tax cut coming, the market is going to have downside. I don't think there's much in the market from pro-growth policy anymore. That sort of came out of the market, as the politics, then the noise… has accumulated. I don't meet many people who think they're going to get anything big and if we get it next year, it's going to be smaller.feedback

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